Dana Holding Layoffs Job Cut: fires 115 employees at Fort Wayne

The news is not good for the employees of the Dana Holding, which is a steel component supplier for auto. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest on to add to the list is the Dana Holding Organization, which may be going for layoffs.
How many employees may be fired in the Dana Holding layoffs?
As per the reports, there can be around 115 layoffs by Dana Holding.

What is the total no. of employees of Dana Holding?
The total no. of employees of Dana Holding is 280 at the Fort Wayne plant.

What will be the cost and savings by Dana Holding layoffs?
No info available about that.

When will the Dana Holding layoffs happen?
The layoffs are already underway.

Which locations and department of employees will be affected by the Dana Holding layoffs ?
Fort Wayne is the location affected and employees working for Chrysler will be the ones to face the axe.

What is the primary reasons for Dana Holding layoffs?
Slump in global economy, falling demand, and no outlook for revival are the main reasons for layoffs. As reported, half of Dana employees work for Chrysler, which has filed for bankrupcty. Hence the layoffs.

Any other news about Dana Holding layoffs
As per Journal Gazette, There is still some hope for the affected workers. The laid-off axle workers, whose pay averages $22.75 an hour, should know by July 1 whether they’ll be rehired, Leazier said.
Let's hope that alternative jobs are available to the affected employees of Dana Holding Layoffs Job Cut